Please refer to the Income Statement and Balance Sheet above and perform the following.

RANDALL DEPARTMENT STORES, INC.
Income Statement compared with Industry Average
Year Ended December 31, 2020
	Randall	Industry Average
Net Sales Revenue	$800,000	100	%
Cost of Goods Sold	627,200	67.4
Gross Profit	172,800	32.6
Operating Expenses	95,000	20.9
Operating Income	77,800	11.7
Other Expenses	8,054	0.8
Net Income	$69,746	10.9	%
RANDALL DEPARTMENT STORES, INC.
Balance Sheet
31-Dec-20
	Randall	Industry Average
Current Assets	$300,000	68	%
Property, Plant, and Equipment, Net	130,600	25.2
Intangible Assets, Net	8,400	1
Other Assets	7,500	5.8
Total Assets	446,500	100	%
Current Liabilities	$230,000	65	%
Long-term Liabilities	95,000	17
Total Liabilities	325,000	82
Stockholders' Equity	121,500	18
Total Liabilities and Stockholders' Equity	$446,500	100	%

1. make a vertical analysis for both the income statement and balance sheet.
2. make a paragraph comparing the company's performance with the industry average.
3. Compute the following ratios and comment on what the results mean when evaluating the company:

Current ratio

The gross profit percentage ratio

Debt ratio

Profit margin ratio